14,738 Shares in FGL Holdings (FG) Acquired by Zeke Capital Advisors LLC
Zeke Capital Advisors LLC bought a new stake in FGL Holdings (NYSE:FG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,738 shares of the company’s stock, valued at approximately $132,000.
A number of other institutional investors have also recently bought and sold shares of FG. Fox Run Management L.L.C. bought a new position in FGL in the third quarter valued at about $112,000. FNY Investment Advisers LLC bought a new position in FGL in the third quarter valued at about $134,000. Amalgamated Bank bought a new position in FGL in the second quarter valued at about $161,000. Legal & General Group Plc bought a new position in FGL in the second quarter valued at about $183,000. Finally, JPMorgan Chase & Co. bought a new position in FGL in the first quarter valued at about $211,000. Hedge funds and other institutional investors own 70.69% of the company’s stock.
A number of equities analysts have recently issued reports on FG shares. Zacks Investment Research upgraded FGL from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research report on Monday, September 3rd. TheStreet upgraded FGL from an “e+” rating to a “c” rating in a research report on Thursday, November 8th. ValuEngine upgraded FGL from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Goldman Sachs Group started coverage on FGL in a research report on Tuesday, August 21st. They set a “neutral” rating and a $10.50 price objective for the company. Finally, Credit Suisse Group lowered their price objective on FGL from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $10.45.
FGL (NYSE:FG) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. FGL had a return on equity of 7.49% and a net margin of 3.74%. The company had revenue of $444.00 million during the quarter, compared to the consensus estimate of $349.58 million. During the same period last year, the company earned $1.11 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that FGL Holdings will post 1.13 EPS for the current year.
In other FGL news, insider Christopher J. Littlefield bought 30,000 shares of the stock in a transaction on Friday, September 14th. The stock was acquired at an average cost of $8.74 per share, for a total transaction of $262,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dennis Vigneau bought 25,000 shares of the stock in a transaction on Thursday, September 13th. The stock was acquired at an average price of $8.75 per share, with a total value of $218,750.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 105,000 shares of company stock valued at $918,950. 21.50% of the stock is currently owned by corporate insiders.
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FGL Company Profile
FGL Holdings, through its subsidiaries, sells individual life insurance products and annuities in the United States. The company offers deferred annuities, including fixed indexed annuity contracts and fixed rate annuity contracts; immediate annuities; and life insurance products. It also provides life and annuity reinsurance services, such as reinsurance on asset intensive, long duration life, and annuity liabilities.
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